Australia

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

Comparisons are being made to the volatile markets of 1998 due to oil testing lows, the struggle of emerging markets and a strong a strong dollar that is threatening to knock over debt dominoes. [CNBC] The Australian region of Victoria is planning to fast-track the construction of 50 new wind turbines worth $200m, countering the fossil fuel friendly… Keep reading →

Germany Invests In Renewable Energy Sources

Two new reports published today by the Department of Energy finds that wind energy is on a steady rise, and will be a key factor in reducing carbon emissions. [The Washington Post] Energy Future Holdings has finalized a deal with Dallas energy and real estate mogul Ray L. Hunt to sell its power line subsidiary… Keep reading →

Germany Seeks Ambitious Goals For Renewable Energy

The U.S. Department of Energy wants 20 percent of the nation’s energy to come from wind power in the next 15 years, targeting a 5% increase from current production levels. “A new Energy Department report finds that wind technology featuring taller towers and larger turbines may get the nation to that goal by opening up… Keep reading →

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A new study from the Becker Friedman Institute has challenged the economic benefits of energy efficiency for consumers. “The study of households who received federal subsidies to “weatherize” their homes found the efficiency investments cost far more than they save. So consumers may not be irrational when they pass up such investments: the programs simply aren’t as beneficial as… Keep reading →

Airlines Face Rapidly Rising Fuel Costs

The EPA have begun the process of regulating greenhouse gas emissions from the largest domestic commercial airlines. “But some fear the ultimate approach may prove too weak. The agency released a proposed “endangerment finding,” meaning that it is suggesting that aircraft engines may “contribute to the air pollution that causes climate change and endangers public health and welfare.” That’s what the… Keep reading →

Freezing Temperatures Continue To Grip The Country

Lower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →

Duke Energy Buys Progress Energy In $13 Billion Deal

Duke Energy has pleaded guilty to environmental crimes, agreeing to pay a $102 million fine over years of illegal pollution leaking from coal-ash dumps at five North Carolina power plants. “Duke Energy appeared Thursday before a federal judge in Greenville, N.C., Thursday to settle criminal charges stemming from its 2014 coal ash spill into the Dan… Keep reading →

Santa Ana Winds Stoke Wildfires In Southern California

Federal officials said dozens of drums of radioactive waste at a weapons laboratories in Los Alamos, New Mexico are stable after showing some signs of chemical reactions over the past year.”The drums are being closely monitored after a container with similar contents broke open in 2014, resulting in a radiation release and the indefinite closure… Keep reading →

Prince Charles Visits Qatar - Day 2

In recent years, Qatar – with a population of only 2 million –  has become the quintessential heavyweight in the global liquefied natural gas (LNG) industry. The small Middle Eastern country has been the world’s largest LNG exporter since 2006, and has made spectacular profits, particularly from 2011 to mid-last year, riding the crest of record… Keep reading →

Boom Goes Bust: Texas Oil Industry Hurt By Plunging Oil Prices

Cowboys, frontier grit, accented English, and wild, wide open spaces are just a few of the similarities shared by Texas and Australia. Both places also have an energy-water problem. But, the good news for Texas is that it’s not too late for us to learn from Australia’s mistakes – and a few successes, too. In… Keep reading →

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